A major feature of an underdeveloped economy is
...A major feature of an underdeveloped economy is
Excess capacity utilization
Low rate of population growth
Low level of standard of living
Low level of unemployment
Correct answer is C
An underdeveloped economy is characterized by low per capita income, low levels of living, high rate of population growth, illiteracy, technical backwardness, capital deficiency, dependence on backward agriculture, high level of unemployment, unfavourable institutions and so on.
Which of the following source of income is spectacular only to Government? ...
The clearing house of all commercial banks in Nigeria is the ...
The supply curve of a locally-produced good may shift to the right if ...
Using functional relationship in economics QX = f (px, po, y, T); po stand for ...
The sector which contribute highly to the economy is__________ ...
A characteristic common to partnership and sole proprietorship is ...
The loading of crude oil at the terminal is an activity in the ...
Which of the following is NOT a factor that brings about changes in demand? ...
The employer's demand curve for labour is represented by the ...
Amount proposed for payment of wages and salaries in a budget is regarded as part of ...